XML 26 R15.htm IDEA: XBRL DOCUMENT v3.24.0.1
Employee Stock Ownership Plan
6 Months Ended
Dec. 31, 2023
Employee Stock Ownership Plan [Abstract]  
Employee Stock Ownership Plan 9.    EMPLOYEE STOCK OWNERSHIP PLAN

The Company amended and restated its Koss Employee Stock Ownership Trust (“KESOT”) effective July 1, 2023 and received approval from the Board of Directors on July 26, 2023. Substantially all domestic employees are participants in the KESOT under which an annual contribution in either cash or common stock may be made at the discretion of the Board of Directors. All contributions to date have been fully allocated to employees’ company contribution accounts. No contributions were made for the three or six months ended December 31, 2023 or 2022, respectively.